Q: Inheritance money used for a house down payment that will be jointly owned by me and my husband?
What should I do to ensure this money is excluded from any future asset split in the event of a divorce?
A: You should either borrow the money from yourself where you and your spouse agree to the repayment or enter into a post nuptial agreement where you lay out the terms of how these funds will be used in the future. Be careful because when purchasing a homestead there are certain rights that a spouse has that if not waived in writing and properly cannot be orally agreed to.
A: Since you purchased a joint asset the non marital status of the asset is lost, unless you prepare a post nuptial agreement.
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